U.S. Production And Oil Inventories Expected to Rise in 1Q18

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According to the Energy Information Administration (EIA), U.S. petroleum inventories (excluding SPR) fell by 14.2 million barrels in the week ending December 15, 2017. They stand about 2 million barrels (mmb) higher than the rising, rolling 5-year average and are about 96 mmb lower than a year ago. Commercial crude stocks fell by 6.5 mmb, […]

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